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Search results: Diamond Prices
Diamond Prices Fall to Multi-Year Lows Amid Industry Disruptions: McKinsey & Co
After experiencing a surge during the pandemic, diamond prices have now plummeted to multi-year lows, signalling a significant shift in the market. A recent report from McKinsey & Co. attributes this downturn to several factors, including...
De Beers raises diamond prices to the highest in years
De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown.
The world’s biggest diamond producer raised prices by about 5% at its first sale of the...
De Beers cuts diamond prices after covid-19 curbs demand
De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry.De Beers, the world’s no. 1 producer, told customers that it is...
ZDAMWU Slams Diamond Companies as Workers Protest Amid Plunging Prices
The Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) has issued a scathing statement condemning the deteriorating labour conditions across the country’s diamond sector, as companies reel from falling global prices, unpaid wages, mass retrenchments, and...
Petra Diamonds appoints new CEO, share prices rises
African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.The news helped lift its...
Diamond Producers Demand Fiscal Reform as Zimbabwe’s Fixed Royalty Bites
Diamond mining companies operating in Zimbabwe are mounting a unified and urgent appeal to the government to reform the sector's fixed 10% royalty rate, which they label as one of the highest and most uncompetitive in...
Murowa Diamonds Plunges to ZWG28 Million Loss Amid Global Price Slump
In a stark reflection of the challenges facing the diamond sector, Murowa Diamonds has reported a significant financial downturn, swinging from a profit to a substantial loss for the half-year ended 30 June 2025, Mining Zimbabwe...
Zimbabwe’s Diamond Exports Just Nosedived. Here’s Why
Zimbabwe’s diamond sector has suffered a heavy blow in the first half of 2025, with export volumes collapsing by 60% to 2.72 million carats, down from 6.85 million carats in the same period last year, according...
South Africa Eyes 1% Diamond Marketing Levy, Lessons for Zimbabwe’s Tight Four-Player Policy
Once upon a time, the diamond story wrote itself. The stones were rare, the allure unmatched, the market hungry. A few adverts and glossy campaigns were enough to keep buyers convinced that a diamond was indeed...
RioZim Posts ZWG628 Million Loss as Gold Output Plunges and Diamond Unit Falters
Embattled diversified mining firm RioZim Limited saw its group loss widen dramatically in 2024, with the company reporting a ZWG628.4 million deficit—more than quadruple the ZWG107.7 million loss posted the previous year amid operational setbacks in...
Zimbabwe’s Diamond Exports Soar 912% in April Despite Global Market Pressures
Zimbabwe’s diamond industry defied global market trends with an extraordinary 912% surge in exports in April 2025, rising from $3.66 million in March to $33.47 million, according to the latest trade data from Zimstat.
This sharp rise...
Anjin Diamonds Targets 1 Million Carats Amid Challenges
Chinese diamond mining company Anjin Investments, operating in Zimbabwe’s Chiadzwa diamond fields, has set an ambitious target of producing 1 million carats in 2025, Mining Zimbabwe can report.By Rudairo MapurangaThis target comes after a challenging year...
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